‘Market valuation norms’ please, Gamuda tells govt
KUALA LUMPUR (Feb 26): Gamuda Bhd has pledged to ensure that any takeover of its highway concessions is in line with “market valuation norms and practices”.
Jagdeep wants urban regeneration law for Penang, says report
GEORGE TOWN (Feb 25): Penang wants an urban regeneration law so that aged housing schemes can be torn down and redeveloped, the Malay Mail reported today.
Dr Mahathir: Too expensive to cancel all toll rates
KLANG (Feb 25): Prime Minister Tun Dr Mahathir Mohamad today said the government is taking the initiative to fulfil its election promise to abolish toll collection in stages with the introduction of the 'congestion charge', to encourage people to use highways during non-peak hours.
MM2H agents in quandary over unexplained hold-up in approvals
PETALING JAYA (Feb 25): Agents for the Malaysia My Second Home (MM2H) have been caught in a bind over the delay of approvals for the programme aimed at encouraging selected foreigners to live in the country.
Gamuda active, falls 12.50% as govt starts talks to buyout highways
KUALA LUMPUR (Feb 25): Gamuda Bhd shares fell 12.
PRG faces hiccups on maiden luxury residential project, delayed completion
KUALA LUMPUR (Feb 25): PRG Holdings Bhd’s maiden luxury residential project Picasso Residence, which is supposed to be the company’s flagship development, seems to be running into some troubles.
A toll on highway concessionaires?
KUALA LUMPUR: The spotlight is on Gamuda Bhd and its peers which own highway concessions once again as the government is working on ways to honour its promise to abolish tolls in stages.
Government in talks with Gamuda to acquire four highway concessions
KUALA LUMPUR (Feb 25): Putrajaya says it has begun talks with Gamuda Bhd to negotiate the acquisition of four highway concessions that the company has a majority stake in, with the aim of abolishing toll collection at these highways.
Guan Eng: Renewal levy fees for foreign workers in five sectors reduced from March
KUALA LUMPUR (Feb 23): The government is set to lower the extension levy fees in March for foreign workers who have worked in the country for more than 10 years, said Finance Minister Lim Guan Eng (pictured) today.
WCT executes LRT3 novation agreements with Prasarana, MRCB George Kent
KUALA LUMPUR (Feb 22): WCT Holdings Bhd announced that its wholly-owned subsidiary WCT Bhd had today executed three novation agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd with regards to the proposed Light Rail Transit 3 (LRT 3) projects secured by WCT Bhd.
